NEW YORK, April 14, 2021 /PRNewswire/ -- CIT Group
Inc. (NYSE: CIT) today announced that its Healthcare
Finance business served as sole lead arranger on a
$15.9 million financing for two
medical office buildings in Littleton,
Colorado.
The buildings, known as Arapahoe Medical Plaza I and II, are
located on the campus of Littleton Adventist Hospital and comprise
more than 98,700 square feet of space. The borrower is a venture
led by an affiliate of Seavest Healthcare Properties.
"Our adjoining medical office buildings provide convenient,
modern space for medical practices providing a wide range of
healthcare services," said John
Winer, Senior Managing Director & CIO of Seavest
Healthcare Properties. "CIT's expertise was evident and helpful as
we looked to finance these properties."
"Seavest Healthcare Properties is recognized throughout the
industry as a deeply experienced investor in high-quality medical
office buildings," said William
Douglass, managing director and group head for CIT's
Healthcare Finance business. "We were pleased to work with
Seavest once again to support their financing needs for these
properties."
CIT's Healthcare Finance unit, part of the Commercial
Finance division, provides comprehensive financing and banking
solutions to middle market healthcare companies across the U.S. By
using a client-focused and industry-centric model, the Healthcare
Finance team can tailor its products and services to help clients
meet their needs for growth capital.
About CIT
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
MEDIA RELATIONS:
John M.
Moran
212-461-5507
john.moran@cit.com
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SOURCE CIT Group Inc.